THE IMPACT OF FAMILY AND POLITICAL CEOS ON CLIMATE CHANGE DISCLOSURE: THE MODERATING ROLE OF CEO AGE
家族経営CEOと政治的CEOが気候変動開示に与える影響：CEO年齢の調整効果 (AI 翻訳)
Ivone, Iskandar Itan, Sheila Septiany, Budi Chandra, Angelica Xu
🤖 gxceed AI 要約
日本語
インドネシア非金融企業121社の2019-2023年データを用い、家族CEO・政治CEOが気候変動開示（TCFD基準）に与える影響とCEO年齢の調整効果を分析。家族CEOと政治CEOは開示に負の影響を与え、CEO年齢がその関係を調整することを発見。高齢の家族CEOは開示を抑制する一方、高齢の政治CEOは開示を促進する傾向にある。
English
Analyzing 121 non-financial Indonesian firms from 2019-2023, this study examines the impact of family and political CEOs on climate change disclosure (measured via TCFD framework), with CEO age as a moderator. Results show that both family and political CEOs negatively affect disclosure, but CEO age moderates these relationships: older family CEOs strengthen the negative effect, while older political CEOs weaken it.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシア市場の知見だが、SSBJ対応が進む日本企業においてもCEO属性が開示の質に影響する可能性を示唆。ただし日本独自のガバナンス構造（社外取締役・指名委員会等）との比較が必要。
In the global GX context
This study provides empirical evidence on how CEO characteristics (family vs. political ties) influence TCFD-aligned disclosure quality, relevant for global disclosure scholarship and investor stewardship. It highlights the moderating role of CEO age, offering insights for policymakers and boards designing governance mechanisms to improve climate reporting.
👥 読者別の含意
🔬研究者:Provides novel evidence on CEO type and age as determinants of TCFD disclosure quality, opening avenues for cross-country governance and climate disclosure research.
🏢実務担当者:Board members and sustainability teams should consider that CEO background (family or political) and age can affect the depth of climate disclosure, influencing investor communication.
🏛政策担当者:Regulators may note that CEO characteristics can drive disclosure behavior, suggesting that governance reforms (e.g., board diversity, tenure limits) could enhance TCFD adoption.
📄 Abstract（原文）
Climate change risks not only affect the environment but also pose significant risks to companies, including operational, insurance, regulatory, shareholder, capital, competition, and litigation risks. This study aims to examine the influence of family CEOs and political CEOs on climate change disclosure, with CEO age as a moderating variable. A quantitative approach is employed by analyzing 121 non-financial companies listed on the Indonesia Stock Exchange during the period 2019-2023. Climate change disclosure is measured using the Task Force on Climate-related Financial Disclosure index and analyzed through panel ordinary least squares regression with industry and year fixed effects. The novelty of this study lies in its ability to assess disclosure quality through the Task Force on Climate-related Financial Disclosure framework, focusing on family and political CEOs which are rarely explored in previous studies, and including CEO age as a moderating variable. The findings indicate that family and political CEOs negatively affect climate change disclosure, and CEO age significantly moderates this relationship by strengthening the negative effect among older family CEOs. In contrast, older political CEOs are more likely to engage in climate-related disclosure, thereby weakening the negative relationship between political CEOs and climate change disclosure. Future studies are encouraged to enhance data comprehensiveness, employ alternative disclosure measurement approaches, and incorporate broader CEO characteristics to provide deeper insights into climate disclosure practices.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.25105/mraai.v26i1.24524first seen 2026-06-20 06:49:20 · last seen 2026-06-21 05:35:31
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gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。